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Automotive News Headlines - Yahoo! News

Automotive News Headlines - Yahoo! News
  • German carmakers and technology firms form 5G telecoms association

    IAA truck show in HanoverGerman car makers Audi, BMW and Daimler on Tuesday launched an alliance with mobile telecoms network equipment firms Ericsson , Huawei [HWT.UL], Intel , Nokia and Qualcomm to accelerate development of the infrastructure needed for self-driving cars. The new alliance, branded the 5G Automotive Association, will "develop, test and promote communications solutions, support standardization and accelerate commercial availability and global market penetration," the founders said in a statement. One of the aims of 5G, the technology standards for the next generation of much faster and more reliable mobile telecoms networks, is to enable a wide variety of devices to connect up and operate via the Internet - the "Internet of Things." Network equipment providers such as Ericsson and Nokia have said the 5G technology currently in development could be available for use as early as next year but mass-market upgrades to mobile networks are not expected until some time around 2020.

  • Diesel scrutiny shifts to London's building sites

    A plane flies behind cranes standing on construction sites at dusk in LondonBy Barbara Lewis LONDON (Reuters) - Volkswagen's admission it cheated pollution law has exposed a wider problem of diesel emissions from thousands of generators belching fumes across building sites and countryside. In London, where the pollution is aggravated by a construction boom, a firm that helped expose the extent of the Volkswagen scandal has shifted its attention to diesel generators and is working with city authorities and researchers from King's College London (KCL) to analyse the problem. "It (the Volkswagen scandal) served to rip the lid off all these related issues about engines," said Nick Molden, CEO of Emissions Analytics, which helps automotive businesses raise their fuel efficiency and reduce emissions.

  • Will boom in loans at retailers, manufacturers turn to bust?

    FILE - In this March 23, 2015, file photo, John Deere lawn tractors are on display at a Home Depot in Robinson Township, Pa. Financing at Deere & Co., which leases much of its farm and construction equipment, has risen in recent years. (AP Photo/Gene J. Puskar, File)NEW YORK (AP) — They sell diamond rings in malls and used cars at dealerships, make wrench sets for mechanics and giant combines for farmers.

  • September U.S. auto sales seen down 0.8 percent: JD Power-LMC

    Cars travel north towards Los Angeles on interstate highway 5 in San DiegoSeptember U.S. auto sales are forecast to drop nearly 1 percent from a year ago despite a record high for consumer discounts, J.D. Power and LMC Automotive said on Monday. The two auto industry consultants said September U.S. new vehicle sales will be 1.43 million, down 0.8 percent from a year earlier. Retail sales to consumers, which do not include multiple fleet sales to rental agencies, businesses and government, were seen declining 1.4 percent in September.

  • Online used car retailer Vroom gets $50 million new funding
    Online used-car retailer Vroom raised $50 million in a Series E funding round from existing and new investors, bringing the total funding to $218 million. The latest round was led by existing investor T Rowe Price Associates Inc, and added technology-focused investment firm Altimeter Capital and Foxhaven Asset Management as investors. New York-based Vroom's other investors who participated include private equity firm L Catterton, venture capital firm General Catalyst Partners and boutique investment bank Allen & Co. Vroom, started in 2013, said the funding would help expand its operations in the United States and increase inventory.

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